Dollar Tree falls on Wells Fargo warning over diesel costs
-4.37% to $125.31 from $131.04
What moved DLTR
- Wells Fargo warned that rising diesel prices could squeeze discount retailers’ margins through the second half of 2026 and into 2027, estimating the industry’s operating-margin hit could grow to about 27 basis points in the third quarter from 18 points in the second.
- The bank said Dollar Tree is the most exposed of the group, estimating higher fuel costs could cut about $25 million, or roughly 50 basis points of margin, from third-quarter profit.
- The US average diesel price stood at $6.276 a gallon for the week of October 19, within reach of the record $6.529 set in late September.
Sources: CNBC · EIA data (via Weekly Diesel)